26 Nov 1886
Page 1
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Newspaper
Freeport Daily Journal
Location
Freeport, Illinois, United States of America
Date
Nov 26, 1886
Page
1
A fragment lists candy at 19 cents per pound and Qum Drops at 10 cents per pound with cream buns at 8 cents a pound. Flour is 85 cents per sack. The notice references numbers 67 and 69 Stephenson Street for the location.
The November 26 report from the comptroller of the currency outlines proposed amendments to national bank laws including shareholder contingentiability, stricter loan limits, and taxation protections. It notes 3,585 banks organized, 283 active, 174 new with 21 million capital, 3.7 million bonds held, and 9.1 million insurance of capitalization. Thirty-five banks liquidated, plus one expired charter and several failures. Total dividends from insolvent banks exceed 1 million, with 25 insolvent banks under receivership. Since 1863 only 112 banks failed, with some creditors paid in full and others receiving interest or partial pay. The report compares national versus state banks, showing low insolvency rates, distribution of stock among holders, and the effect of debt reduction and high bond premiums on circulation. It includes a diagram showing deposits rising from 24 million in 1861 to 1.173 billion in 1870s, and loans increasing similarly, with national bank speech volumes rising from 11 million in 1860 to 180 million in the late 1870s.
The Third Assistant Postmaster General Hazen reports postal finances with a goal of self support in the near future. Revenue for the year ending June 30, 1888 is forecast at 50,013,503 with expenditures at 51,738,650. Also covered are police scandal opinions in Washington and government Indian removal debates affecting Oklahoma settlement, plus assorted editorials on Chicago governance, a Harvard–Pennsylvania football game, and hog cholera impacts in Indiana.
A long dispatch from Bathy Akysar Whota’s realm reports Emperor Withelu a’s opening address praising peace in Europe and urging expanded social insurance and tax reforms. Separate items cover a Bulgarian conspirator net at Military School deposed princes and pardons, plus diverse European affairs and a New York labor-organization makeover.
Multiple fires and accidents reported on November 2 and surrounding days. An incendiary attack set seven fires at the Continental hotel, endangering guests and prompting rapid fire response. Freight car blaze, a fatality in a smoke-filled car, a man crushed by machinery, a tugboat boiler explosion killing four, and a cyclone damaging Bath County with widespread structural impact.
A chaotic report catalogues fires, explosions, shipwrecks, and collapses. It notes the destruction of factories in various towns, a railway incident near a village, a house explosion injuring several, and a theater of misfortune with deaths and missing persons. It also covers maritime disasters with ships carrying cargoes, insurance rate conspiracies, and political notices including farewell to a German socialist. The record blends local calamities with global incidents, listing victims, damages, and ongoing inquiries.
A dense Washington report recounts Rev Henry Ward Roseder’s vigorous critique of the labor question, condemning monopolies and urging government restraint while denouncing socialism and anarchism. The piece links church separation, disestablishment, and broader organic reforms with economic policy and class tensions.
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